Invoice Processing Automation
Automating office processes and reducing the need for manual work is an integral part in the drive towards achieving greater efficiency. Offices are utilizing technology such as email, scanning, and OCR to transfer work into the electronic medium. Once electronic, documents are more organized and accessible to employees. One of the most important documents whose work has largely remained in paper is invoices. Processing invoices is a time consuming task, but with invoice processing automation you can obtain accurate results in less time than with traditional methods.
What is Invoice Processing Automation?
Invoice processing automation is software that will allow you to automate all of your invoice processing. The software uses a type of technology called OCR, or optical character recognition. OCR has the ability to read through a document and convert characters such as letters and numbers into text in an electronic file. Using OCR, invoice processing automation is able to identify the required characters and fields on the invoice and then automatically extract the data. The newly text-formatted information is saved as a text file, which is now editable and searchable. Invoice processing automation not only saves you time and resources during the task but also makes invoices easier for future access since they are now in a database.
Invoice Processing Automation Software
Relying on traditional methods of invoice processing, such as manual data entry, results in an inefficient allocation of employees. Personnel within the accounts payable department have to use valuable time to manually look through each invoice and then transfer the data to other forms. With invoice processing automation you can have fewer employees spending less time on invoice work. The software has advanced to the point where the results are more accurate than traditional methods of processing. CVISION Technologies, a long time provider of document capture solutions, offers invoice processing automation software powered by the most accurate OCR engine in the market. Their software is quick, versatile, and can help any office increase productivity.